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Andrew Ng, a well-known figure on AI and machine learning areas. [Photo/IC]

Analysts said the brand will erode the market share of Chinese carmakers, as well as affordable foreign ones including Kia and Hyundai. FAW-Volkswagen is expanding its business besides car production and sales. The company started its car-sharing program last year, with a fleet of 200 vehicles in Changchun, capital of Jilin province, where the carmaker is headquartered.

Analysts said natural gas has become China's fastest-growing fuel in recent years.

Andy Edwards, global director of brand and marketing communications of travel booking firm Agoda, also agreed that wealthy Chinese travelers seek adventurous, undiscovered destinations rather than going to common recreational resorts.

Andy Sun, general manager of programmatic Business at iQiyi, noted that the partnership with The Trade Desk is its first partnership with an international demand side platform.